A.

State whether the following transactions are: a) subject to VAT at 12% b) subject to
VAT at 0%; or c) VAT Exempt:

1. Sale of goods or services to Asian Development Bank

2. Export sales of persons who are not VAT registered
3. Distribution on transfer of goods to creditor in payment of debt or obligation
4. Medical services rendered by a doctor employed by the hospital to confined
patient
5. Sale of power or fuel generated through renewable sources of energy
6. Milling of cassava into cassava flour
7. Sale of real property utilized for low-cost or socialized housing
8. Export sales of persons who are VAT registered
9. Sales of electricity by generation, transmission and/or distribution companies
10. Medical services rendered by professionals
B. State whether the following transactions are: a) subject to VAT at 12% b) subject to
VAT at 0%; or c) VAT Exempt:
1. Sale of fresh vegetables by Aling Ining at the Pamilihang Bayan ng Trece
Martirez.
2. Services rendered by Jake's Construction Company, a contractor to the World
Health Organization in the renovation of its offices in Manila.
3. Sale of tractors and other agricultural implements by Bungkal Incorporated to
local farmers.
4. Sale of RTW by Cely's Boutique, a Filipino dress designer, in her dress shop and
other outlets. Sale of agricultural food products in their original state where the
annual gross sales exceed P3,000,000
5. Sale of canned food products where the annual gross sales exceed P3,000,000.
6. Sale of agricultural food products in their original state where the annual gross
sales do not exceed P3,000,000.
7. Sale of canned food products where the annual gross sales do not exceed
P3,000,000.
C. Compute output VAT:
1) Selling price, net of VAT, P120,000
2) Selling price, gross of VAT,
P240,000
3) Sales per books, P100,000
4) Selling price including erroneous
VAT, P110,000
D. State whether the following transactions are: a)
subject to VAT at 12% b) subject to VAT at 0%; or
c) VAT Exempt:

1. Sale of cut flowers

2. Sale of copra, molasses and ordinary salt
3. Sale of lechong manok (take out)
4. Sale of lechong manok in a restaurant
E. Supply the missing amounts

Case 1 Case 2 Case 3

Selling price, condominium unit P2,000,000 P2,500,000 P4,500,000
Selling price, parking lot 500,000 800,000 900,000
Total P2,500,000 P3,300,000 P5,400,000
VAT-subject ? ? ?
VAT-exempt ? ? ?
F. Supply the missing amounts
Apartment Commercial
house bldg.
Case 1
Rent per unit per month P15,000 P15,000
Annual gross receipts 2,500,000 2,500,000
VAT-subject ? ?
VAT-exempt ? ?

Case 2
Rent per unit per month 15,000 15,000
Annual gross receipts 3,500,000 3,500,000
VAT-subject ? ?
VAT-exempt ? ?
 Apartment Commercial
house bldg.
Case 3
Rent per unit per month P20,000 P20,000
Annual gross receipts 3,000,000 3,000,000
VAT-subject ? ?
VAT-exempt ? ?

Case 4
Rent per unit per month 20,000 20,000
Annual gross receipts 3,500,000 3,500,000
VAT-subject ? ?
VAT-exempt ? ?